News Reports: Housing news updates and reports for Manufactured Home and Modular Housing Industry professionals and investors. Business – daily fact checks, market reports, and analysis.
Looking only at sales of Fannie Mae and Freddie Mac, the Federal Housing Finance Agency’s house price index (HPI) reports home prices rose slightly in January over December, and increased 0.05 percent last month over January. Since February 2012, this marks the 23rd rise in in the past 24 months. […]
FHFA: Home Prices Edge Up Read More
Noting the proposed bipartisan legislation introduced by Senators Tim Johnson (D-SD) and Mike Crapo (R-ID) that recognizes the importance of manufactured housing, Nathan Smith, Manufactured Housing Institute (MHI) chairman and partner at SSK Communities, says, “Gaining access to the secondary market for our home loans has long been a top
MHI Applauds Senate Banking Committee for Housing Finance Legislation Read More
The National Association of Home Builders (NAHB) reports sales of newly-built, single-family homes fell 3.3 percent to a seasonally annual adjusted rate (SAAR) of 440,000 units in February, 2014, based on data from the Census Bureau and the Department of Housing and Urban Development (HUD). “We still expect 2014 will
New Home Sales fall in February Read More
Despite the 3.3 percent drop in new home sales in February, consumer confidence rose to its highest level in six years, and took the three major indexes with it. The Dow Jones Industrial Average rose 91.19 points, +0.56 percent, to close at 16,367.88, while the Nasdaq advanced +7.88 points, +0.19
Patrick Advances, Skyline Slips, Dow Gains nearly 100 Points Read More
According to The Wall Street Journal, private research group Conference Board reported its index of consumer confidence, which measures how consumers feel abut the future of the economy, rose to 82.3 percent in March from 78.3 percent in February, bettering the 78.6 percent economists expected for this month. Although the
Consumer Confidence up for March Read More
Writing in gazette.com, Bill Radford traces the recent history of manufactured housing as a run up to buying a manufactured home (MH) in a rural area east of Colorado Springs for him and his wife. Noting the industry has come a long way since the Department of Housing and Urban
Writer Content with Manufactured Home in Rural Colorado Read More
Toronto-based Tricon Capital Group, Inc. (TCN), which bought 3,500 rental units in the U. S. following the housing meltdown, is now seeking to invest up to $670 million (US) in manufactured home communities (MHCs) in Florida, California and Arizona, reports businessweek.com. Chief Operating Officer (COO) Gary Berman says, “If you
Canadian Firm Seeking Manufactured Home Communities Read More
Capitola, California city officials propose to apply for $500,000 in community block grant funds from the state for first-time homebuyer assistance and housing rehabilitation, enough for three years of loans, staff time and the cost of administering the program by the Housing Authority of Santa Cruz County. As santacruzsentinel.com reports,
Manufactured Home Buyers could Receive Assistance Read More
Updating a story MHProNews.com last published March 19, 2014, regarding a Michigan state legislator’s bill that would give cities more oversight of manufactured housing communities (MHCs), Rep. Andy Schor has been communicating with community owners, residents and local officials, and intends to introduce the legislation in mid-April. Referencing the Life
More Oversight Sought for Manufactured Home Communities Read More
A bill by Senate Banking Committee leaders to overhaul the housing finance system may reduce access to the mortgage market for minorities and those with lesser means, according to a handful of housing advocacy groups. In a joint press release, the organizations allege the new legislation would make mortgages more
Reform Legislation may Limit Access to Mortgage Market Read More
Internet stocks weighed down the market today, as the Nasdaq fell over two percent but managed to recover some of the lost ground to finally close at -1.18 percent, -50.40 points, ending at 4,226.39. The Dow Jones Industrial Average ended the day down -26.08 points, -0.16 percent, to close at
Third Avenue Value Fund only Tracked Stock to Gain Read More
Updating a story from March 20, 2014 regarding the shortage of housing in Estevan, Saskatchewan, Canada due to the Bakken oil field drilling just south of the border in North Dakota, the 15-unit CanStay Motel complex is made of 40′ shipping containers converted into modular bachelor units. According to cbc.ca/news,
Shipping Containers Converted to Modular Motel Read More
MHProNews.com has learned from brandonsun.com, the Canada Mortgage and Housing Corporation has awarded the contract to build seven new modular houses for the Sioux Valley Dakota Nation to Home Hardware in Virden, Manitoba, Canada. Instead of nails and wood, the homes will be structural thermal energy efficient panels (STEEP), materials
Dakota Nation to get Green Modular Homes Read More
A section of a report issued by the Wappingers Central School District in Wappinger Falls, New York recommends the closing of several schools and facilities, as well as reconfiguring the student makeup of others, reports the poughkeepsiejournal.com, requiring the movement of students and resources. Several parents are questioning the abruptness
Modular Classrooms Re-Purposed Read More
Some 2100 +/- manufactured housing industry professionals from all segments of the industry are expected at the 2014 Tunica Manufactured Housing Show. Registrations have come in from states coast to coast. The Tunica Show features more homes and exhibitors than any other industry trade show in North America. Networking and
Free Manufactured Housing Finance, Business Seminars and Forecast Read More
Manufactured home community (MHC) owner UMH Properties, Inc. (UMH) will host a webcast and conference call for its first quarter, 2014 financials on Friday, May 9, 2014 at 10 AM eastern time. As marketwatch.com reports, senior management will discuss the results, current market conditions and the future. UMH is a
UMH to Discuss First Quarter Results Read More
The North Dakota Housing Finance Agency (NDHFA) presented Champion Home Builders the Champions of Affordable Housing Award for its modular townhome development, Wolf Run Village, in Watford City, ND, as MHProNews.com has learned. The award was presented at the 23rd annual Statewide Housing Conference on February 27, 2014 to the
Champion’s Modular Housing Project Garners Award Read More
Doug Gorman, President of Home-Mart, Inc. in Tulsa, Oklahoma and Lois Starkey, Manufactured Housing Institute (MHI) Vice President of Regulatory Affairs, attended the March 11th White House Green Mortgage Roundtable. Focusing on renewable energy underwriting issues, especially related to the FHA (Federal Housing Administration) Energy Efficient Mortgage and other FHA
MH Industry Execs attend Mortgage Roundtable at White House Read More
The Dow Jones Industrial Average went on a bumpy ride downhill after rising above 16,450 in late morning, falling steadily throughout the afternoon to end the week at 16,302.70, losing -28.35 points, nudging down -0.17 percent, according to CNNMoney. The Nasdaq dropped -42.50 points, -0.98 percent, to finish at 4,276.79,
Skyline Rises, Patrick Drops, Dow Slips Read More
According to tickerreport.com, Sun Communities, Inc. (NYSE:SUI) announced a dividend of $0.65 per share for investors on record as of March 31, 2014 to be paid April 17, with an ex-dividend date of March 27. Analysts at Wells Fargo & Co. upgraded their rating of Sun’s shares from a “market
Sun Communities Announces Dividend Read More
